Have you ever been for a walk in Monaco in the evening?
Many apartments are unlit. Why?
There are a lot of people with far too much money who have to spread their wealth around somewhere.
At some point they end up with a finca in Mallorca or an apartment in Monaco. But the thing in Monaco simply stands empty. But it still has a certain chance of increasing in value due to scarcity. But it needs maintenance, has high transaction costs, etc.
Think of Bitcoin as the digital form of an apartment in Monaco. Also with narrow national borders, i.e. a certain lack of space or scarcity.
Bitcoin can therefore be a more cost-efficient solution for parking surplus money with the desire to multiply it.
Just as a thought experiment.
I think that's speculative. But I think BTC will break the USD 1 million barrier.
Many apartments are unlit. Why?
There are a lot of people with far too much money who have to spread their wealth around somewhere.
At some point they end up with a finca in Mallorca or an apartment in Monaco. But the thing in Monaco simply stands empty. But it still has a certain chance of increasing in value due to scarcity. But it needs maintenance, has high transaction costs, etc.
Think of Bitcoin as the digital form of an apartment in Monaco. Also with narrow national borders, i.e. a certain lack of space or scarcity.
Bitcoin can therefore be a more cost-efficient solution for parking surplus money with the desire to multiply it.
Just as a thought experiment.
I think that's speculative. But I think BTC will break the USD 1 million barrier.
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@Wealth-Accelerator I don't think you can compare Bitcoin as an investment with real estate. Firstly, you can rent out a property and thus achieve an ongoing return. The profit with Bitcoin is purely based on the fact that someone pays more later.
Furthermore, the more important argument is demand. Just because Bitcoin is limited is no guarantee that its value will rise. This is only the case if demand also increases. And this is where I see the problem with Bitcoin: in my opinion, this demand is not guaranteed. The situation is different with real estate; the desire for a home or larger living space is a basic need and will remain so. Bitcoin as a long-term investment is therefore purely speculative in my opinion.
Furthermore, the more important argument is demand. Just because Bitcoin is limited is no guarantee that its value will rise. This is only the case if demand also increases. And this is where I see the problem with Bitcoin: in my opinion, this demand is not guaranteed. The situation is different with real estate; the desire for a home or larger living space is a basic need and will remain so. Bitcoin as a long-term investment is therefore purely speculative in my opinion.
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@Wealth-Accelerator only minor difference is that your apartment cannot dissapear from the wallet 😂
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•@Astrr
I'm not talking about real estate held for cash flow.
I'm thinking about a use case for very wealthy people. Unfortunately I don't have time to answer in more detail right now. Gladly later
I'm not talking about real estate held for cash flow.
I'm thinking about a use case for very wealthy people. Unfortunately I don't have time to answer in more detail right now. Gladly later
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@Routine123
So true 😅😂
So true 😅😂
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@Wealth-Accelerator your analogy is pretty good. I got it exactly as you meant it to be.
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•@abram thanks 🙏
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@Wealth-Accelerator Most apartments in Monaco are not dark 🤣🤣🤣🤣
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